基于项目的税收简化复杂性

Project-based Taxes: Simplify the ComplexityEkaterina (Kate) Stepalina2Presented byEkaterina (Kate)StepalinaTechnical Product Manager, Projects & Construction3Agenda§Introduction§Project’s cost side: purchase orders and Accounts Payable (AP) bills§Sales tax and use tax§Built-in rules vs integrated tax calculation (Avalara)§Capturing tax expenses in project balance§Project’s revenue side: project billing and project invoices: pro forma invoice, Accounts Receivable (AR) invoice§Separate revenue tax zone and cost tax zone of project§Gross contract amounts in project quote, progress billing and project balance§Inclusive tax in case of retainage§Summary and Key Takeaways§Q&A | Survey Completion4Business Need: Tax Accounting with Project Accounting SpecificsProject Costs•Purchases can be multiple and frequent, requiring a lot of data entry•It’s important to capture all expenses, including the tax-related ones, on project for accurate profitability reporting for each project•Final tax on mate